Expansion capital accelerates the development and market introduction of
Intermap's RiskPro™ and GeoPro™ 3D Business Intelligence software
products

DENVER, Jan. 24, 2014 /CNW/ - Intermap Technologies (TSX:IMP),
(ITMSF:BB), a leading provider of geospatial solutions on-demand
created from its uniform, high-resolution 3D digital models of the
earth's surface, today announced it has entered into an agreement to
issue a non-brokered US$5.0 million convertible debt financing (the
"Debt Financing").

The Debt Financing will mature 12 months from the date of issuance and
is convertible into common shares of the Company ("Common Shares") at
the holder's option at a price of C$0.45 per Common Share, subject to
adjustment in certain events. The accrued interest associated with the
conversion of the principal amount, in part or in full, will be waived
at the time of conversion. Simple interest is payable at maturity at an
annual rate of 16.0%. In addition, 3,091,572 detachable warrants will
be issued to the purchaser of the convertible debt entitling the
holders to purchase 3,091,572 Common Shares at a price of C$0.56 per
share. The warrants expire in three years and are subject to adjustment
in certain events.

The Debt Financing is subject to a prepayment right by the Company at
116% of the principal amount at anytime following six months from the
date of closing, subject to a 60 day notice period and the holder's
right to exercise its conversion rights during any such notice period.

The Debt Financing is expected to be completed on or about February 6,
2014 and is subject to receipt of all necessary regulatory approvals,
including the approval of the TSX, and satisfaction to all other
customary closing conditions.

The Company intends to use the proceeds of the Debt Financing to
accelerate the development and market introduction of its RiskPro and
and GeoPro 3D Business Intelligence software products for governments,
enterprises and consumers.

Intermap's RiskPro software application combines cutting-edge analytics and best-of-class
terrain data into a clear, visual risk management solution. RiskPro
allows users to analyze, visualize, and customize risk forecasting for
any location in the world. Large portfolios of locations can be
imported, analyzed and inspected quickly and easily. RiskPro users have
access to the most current datasets, including the Company's
proprietary flood and fire models. Organizations using RiskPro benefit
by rapidly receiving answers regarding the multiple risks on their
facilities, portfolios, and assets. The answers that RiskPro delivers
help users properly protect and insure their people, property, and
infrastructure.

Intermap's GeoPro is a centralized data repository that integrates all types of
geospatial and non-geospatial data within a secure and virtualized
environment. GeoPro allows users to deliver advanced analytics by
combining datasets in never before imagined ways to produce unique
insights and answers. The software's policy-based log-in and control
features enable administrators to support as many users as desired and
set the content access to match the needs of their organization. GeoPro
is powerful enough for the advanced GIS user, but simple enough for
non-GIS users. GeoPro differs from other GIS software on the market as
it delivers straight forward answers, as opposed to delivering another
map or data layer to be interpreted by the user. GeoPro can be bundled
with data from Intermap's extensive worldwide NEXTMap® database to allow users to immediately begin productive use of the
software.

The securities offered have not been and will not be registered under
the U.S. Securities Act of 1933, as amended, or any state securities
laws and may not be offered or sold in the United States absent
registration or applicable exemption from those registration
requirements. This press release shall not constitute an offer to sell
or the solicitation of an offer to buy nor shall there by any sale of
the securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful.

Intermap also reported today that Howard J. Nellor has resigned as a
director of the Company effective January 22, 2014 for personal
reasons. With his departure, the Board of Directors of Intermap wishes
to thank Mr. Nellor for his tenure and contributions on behalf of the
Company. The Company's Nominating and Governance Committee is in the
process of evaluating the Board composition.

About Intermap Technologies

Headquartered in Denver, Colorado - Intermap (www.intermap.com) is an industry leader in geospatial solutions on demand with its
secure, cloud based Orion Platform™. Through its powerful suite of 3DBI
applications and proprietary development of contiguous databases that
fuse volumes of geospatial data into a single source, the Orion
Platform is able to provide location- based solutions for customers in
diverse markets around the world. For more information please visit www.intermap.com.

Intermap Reader Advisory

Certain information provided in this news release constitutes
forward-looking statements. The words "anticipate", "expect",
"project", "estimate", "forecast" and similar expressions are intended
to identify such forward-looking statements. Although Intermap believes
that these statements are based on information and assumptions which
are current, reasonable and complete, these statements are necessarily
subject to a variety of known and unknown risks and uncertainties. You
can find a discussion of such risks and uncertainties in our Annual
Information Form and other securities filings. While the Company makes
these forward-looking statements in good faith, should one or more of
these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary significantly from
those expected. Accordingly, no assurances can be given that any of the
events anticipated by the forward-looking statements will transpire or
occur, or if any of them do so, what benefits that the Company will
derive therefrom. All subsequent forward-looking statements, whether
written or oral, attributable to Intermap or persons acting on its
behalf are expressly qualified in their entirety by these cautionary
statements. The forward-looking statements contained in this news
release are made as at the date of this news release and the Company
does not undertake any obligation to update publicly or to revise any
of the forward-looking statements made herein, whether as a result of
new information, future events or otherwise, except as may be required
by applicable securities law.